2024-02-01T11:28:30-06:00 2023-06-30 824158464 DAVIS & COMPANY CPAS PO BOX 1552 MOUNT PLEASANT SC 29465 990 2022-07-01 570439524 THE PRESERVATION SOCIETY OF CHARLESTON INC PRES 8437224630 147 KING STREET CHARLESTON SC 29401 BRIAN TURNER PRESIDENT & CHIEF EXECUTIVE OFFICER 8437224630 2024-02-01 1 BRIAN TURNER 999009999 0 ZOE DAVIS P01057590 8438813315 2024-02-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X BRIAN TURNER 147 KING STREET CHARLESTON SC 29401 3862957 0 X WWW.PRESERVATIONSOCIETY.ORG X 1920 SC THE PRESERVATION SOCIETY OF CHARLESTON, INC. (THE SOCIETY) IS A NONPROFIT CORPORATION ORGANIZED IN 1920. THE SOCIETY SERVES AS A STRONG ADVOCACY LEADER FOR CITIZENS CONCERNED ABOUT PRESERVING CHARLESTON'S DISTINCTIVE CHARACTER, QUALITY OF LIFE, AND DIVERSE NEIGHBORHOODS. THE SOCIETY'S SUPPORT AND REVENUE COMES PRIMARILY FROM CONTRIBUTIONS AND BEQUESTS, MEMBERSHIP FEES, RETAIL SALES, SPONSORSHIPS, AND HERITAGE TOURS. 21 21 34 64 0 0 841156 1069723 381791 308685 187004 -359221 1045730 1105359 2455681 2124546 0 0 0 0 1241992 1371615 0 0 287723 767282 932351 2009274 2303966 446407 -179420 9215770 10131018 43387 123078 9172383 10007940 X THE PRESERVATION SOCIETY OF CHARLESTON, INC. (THE SOCIETY) IS A NONPROFIT CORPORATION ORGANIZED IN 1920. THE SOCIETY SERVES AS A STRONG ADVOCACY LEADER FOR CITIZENS CONCERNED ABOUT PRESERVING CHARLESTON'S DISTINCTIVE CHARACTER, QUALITY OF LIFE, AND DIVERSE NEIGHBORHOODS. THE SOCIETY'S SUPPORT AND REVENUE COMES PRIMARILY FROM CONTRIBUTIONS AND BEQUESTS, MEMBERSHIP FEES, RETAIL SALES, SPONSORSHIPS, AND HERITAGE TOURS. 0 0 860606 ADVOCACY - THE PRESERVATION SOCIETY (PSC) WORKS TO PROTECT CHARLESTON'S HISTORIC BUILDINGS, CULTURAL RESOURCES AND COMMUNITIES BY PROMOTING BETTER DEVELOPMENT PRACTICES, FLOOD MITIGATION, AND TOURISM MANAGEMENT. WE SUPPORT A MORE LIVABLE, SUSTAINABLE FUTURE FOR CHARLESTON THROUGH ADVOCACY, EDUCATION, AND COMMUNITY ENGAGEMENT. THE PSC IS IN A UNIQUE POSITION TO ANALYZE AND EXPLAIN THE CONNECTIONS BETWEEN PLANNING AND ZONING DECISIONS AND THE QUALITY OF LIFE FOR PEOPLE WHO LIVE AND WORK IN CHARLESTON. THROUGH REGULAR COMMUNICATION (BOTH ELECTRONIC AND PRINT) AND AN INFORMATIVE AND VERSATILE WEBSITE, THE PSC ALERTS CITIZENS TO THE ISSUES, ENCOURAGING THEM TO ENGAGE WITH THEIR PUBLIC OFFICIALS, AND TO HAVE A VOICE IN THE PUBLIC PROCESS. ADDITIONAL ASPECTS OF OUR ADVOCACY WORK INCLUDE THE PSC EASEMENT PROGRAM, WHICH PROTECTS SIGNIFICANT HISTORIC PROPERTIES IN PARTNERSHIP WITH HOMEOWNERS, THE CAROLOPOLIS AWARDS, WHICH IS A TIME-HONORED CELEBRATION OF EXEMPLARY PRESERVATION EFFORTS, AND RESEARCH INITIATIVES TO HIGHLIGHT CHARLESTON'S UNDER-REPRESENTED HISTORY, SUCH AS THE CHARLESTON JUSTICE JOURNEY. 549407 1105378 RETAIL SHOP - THE RETAIL OPERATION OF THE SOCIETY IS COMPRISED OF A BRICKS-AND-MORTAR SHOP AND GROWING ONLINE PRESENCE AND IS STAFFED BY A GROUP OF GIFTED EMPLOYEES. THE SHOP FEATURES THE WORK OF LOCAL "MAKERS" FROM FEATHER BRACKISH BOWTIES TO A LINE OF LOCALLY CRAFTED HANDBAGS. MORE THAN EVER ALIGNED WITH THE SOCIETY'S MISSION OF ADVOCATING FOR WHAT IS TRULY AUTHENTIC AND REAL IN CHARLESTON, THE RETAIL OPERATION BOTH STABILIZES THE ORGANIZATION'S CASH FLOW AND FURTHERS ITS WORK, ENROLLING NEW MEMBERS AND EDUCATING THE PUBLIC ABOUT THE SOCIETY'S MISSION. 308685 TOURS - THE SOCIETY'S FALL TOURS AND CURATED TOUR PROGRAMS OFFER GUIDED HOUSE TOURS, WALKING TOURS, AND EDUCATIONAL PROGRAMS THAT FOCUS ON CHARLESTON'S UNIQUE HISTORY AND ARCHITECTURE. THE SOCIETY HAS REFOCUSED THE PROGRAM TO ENSURE THE LONG-TERM SUSTAINABILITY OF THE TOURS BY MITIGATING THE IMPACTS ON THE BUILDINGS, NEIGHBORHOODS, AND RESIDENTS. BY REDUCING THE SIZE OF THE TOURS AND IMPROVING THE EDUCATIONAL CONTENT, THE SOCIETY DEMONSTRATES THAT QUALITY OVER QUANTITY IS THE BEST PATH FORWARD FOR OUR RESIDENTS AND VISITORS. 1410013 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 36 0 1 34 1 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X AMANDA COTE' 8437224630 147 KING ST CHARLESTON SC 29401 MARIANA HAY AVANT DIRECTOR 2.00 X 0 0 0 P STEVEN DOPP STEVE DIRECTOR 2.00 X 0 0 0 WALTER FIEDEROWICZ DIRECTOR 2.00 X 0 0 0 LAURA D GATES DIRECTOR 2.00 X 0 0 0 HARLAN GREENE DIRECTOR 2.00 X 0 0 0 GLENN F KEYES DIRECTOR 2.00 X 0 0 0 VIRGINIA D LANE DIRECTOR 2.00 X 0 0 0 JOHN A MASSALON DIRECTOR 2.00 X 0 0 0 ITTRISS JENKINS DIRECTOR 2.00 X 0 0 0 DEBRA TREYZ DEB DIRECTOR 2.00 X 0 0 0 SHEILA WERTIMER DIRECTOR 2.00 X 0 0 0 CHARLES SULLIVAN DIRECTOR 2.00 X 0 0 0 BEN LENHARDT DIRECTOR 2.00 X 0 0 0 SUMMERLIN C ANDERSON SUMMER DIRECTOR 2.00 X 0 0 0 NICKISHA M WOODWARD DIRECTOR 2.00 X 0 0 0 EUGENE H WALPOLE IV GENE DIRECTOR 2.00 X 0 0 0 LYLES GEER DIRECTOR 2.00 X 0 0 0 DAVID LECKEY INTERIM PRESIDENT/CEO (THRU 5/22) 40.00 X 67785 0 0 BRIAN TURNER PRESIDENT/CEO 40.00 X 123673 0 19704 AMANDA COTE DIR OF FINANCE/OPERATIONS (START 8/22) 40.00 X 31098 0 17855 W ANDREW GOWDER JR CHAIR 12.00 X X 0 0 0 ELIZABETH M HAGOOD VICE CHAIR 2.00 X X 0 0 0 JAMES C MABRY IV JIM TREASURER 2.00 X X 0 0 0 KATE CAMPBELL SECRETARY 2.00 X X 0 0 0 222556 0 37559 1 0 0 0 0 95331 974392 26471 1069723 TOURS 900099 308685 308685 308685 176883 176883 166574 702678 -536104 -536104 -536104 2141092 1035733 1105359 1105359 2124546 1054823 0 0 X 222557 138525 48258 35774 998643 621583 216539 160521 150415 87041 44896 18478 294002 190916 76486 26600 196971 140587 2426 53958 77118 11246 65872 38825 17765 19483 1577 71244 71244 40793 40793 BANK FEES 110064 103496 416 6152 SUPPLIES 70196 59596 9329 1271 DUES AND SUBSCRIPTIONS 34703 18320 9075 7308 POSTAGE AND DELIVERY 27340 20938 1413 4989 -28905 -28905 2303966 1410013 606230 287723 1873522 1259889 982154 522948 415948 697257 60556 664895 375917 286656 288978 5636490 7284210 21000 17180 9215770 10131018 43387 105898 0 17180 43387 123078 X 3796907 4490963 5375476 5516977 9172383 10007940 9215770 10131018 -179420 1014977 0 X 0 1 X 1 0 X 1846542 3365884 2240779 841156 1069723 9364084 1134293 1271690 1520156 1427521 1414044 6767704 2980835 4637574 3760935 2268677 2483767 16131788 0 0 0 16131788 61006 94355 233495 167430 176883 733169 61006 94355 233495 167430 176883 733169 14615 -59000 -44385 3056456 4672929 3994430 2436107 2660650 16820572 0.95910 0.95750 0.04360 0.04370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X X 81 50.41 81 2 1 300.00 11285 2798574 118215 302879 96850 3122818 3264289 -339192 126523 2798574 2595160 2607 781971 115449 3264289 2608671 84106 15295 112912 2595160 2425047 183624 2608671 0.70000 0.02000 0.28000 0 0 72185 72185 105526 105526 444207 332940 111267 42977 42977 0 288978 LEASE LIABILITY 17180 17180 X 3122461 1014977 1014977 2107484 17062 17062 2124546 2286904 0 2286904 17062 17062 2303966 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO BALANCE THE LONG TERM OBJECTIVE OF MAINTAINING THE PURCHASING POWER OF THE ENDOWMENT WITH THE GOAL OF PROVIDING A REASONABLE, PREDICTABLE AND SUSTAINABLE LEVEL OF DISTRIBUTIONS TO SUPPORT THE CURRENT NEEDS OF THE SOCIETY. PART X, LINE 2: THE SOCIETY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNLESS INCOME IS GENERATED FROM UNRELATED BUSINESS ACTIVITIES. THE SOCIETY QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(A) AND HAS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE FASB PROVIDES GUIDANCE ON THE SOCIETY'S EVALUATION OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGMENT EVALUATED THE SOCIETY'S POSITION AND CONCLUDED THAT THE SOCIETY HAD TAKEN NO UNCERTAIN TAX POSITION THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE SOCIETY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. X 1 471 X LEGAL SERVICES 1 25000 X SPEAKER FEE 1 1000 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 SUBJECT TO TERMS AND CONDITIONS ESTABLISHED BY THE SOCIETY'S BOARD OF DIRECTORS, ANY PERSON(S), FIRM OR CORPORATION MAY BECOME A MEMBER OF THE SOCIETY UPON THE PAYMENT OF ANNUAL DUES TO THE SOCIETY. MEMBERSHIP SHALL BE FOR A TERM OF ONE YEAR BEGINNING WITH THE MONTH IN WHICH DUES ARE RECEIVED BY THE SOCIETY. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER SHALL BE ENTITLED TO VOTE ON ALL MATTERS BROUGHT BEFORE THE MEMBERSHIP, SUBJECT TO THE PROVISON THAT THE MEMBER IS CURRENT IN THE PAYMENT OF DUES AND SUBJECT TO THE FURTHER PROVISON THAT NO NEW OR REINSTATED MEMBERSHIP WILL BE ELIGIBLE TO VOTE ON MATTERS BROUGHT BEFORE ANY ANNUAL OR SPECIAL MEETING OF THE MEMBERSHIP IF SUCH MEMBER HAS JOINED FEWER THAN 45 DAYS BEFORE THE DATE OF ANY SUCH MEETING. THE SOCIETY'S BOARD OF DIRECTORS SHALL BE ELECTED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF MEMBERS IN GOOD STANDING PRESENT AT THE ANNUAL MEETING HELD ON A DATE NOT LATER THAN FOUR MONTHS AFTER THE CLOSE OF THE FISCAL YEAR. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER IN GOOD STANDING SHALL BE ENTITLED TO VOTE ON ALL MATTERS BROUGHT BEFORE THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 WAS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS RECEIVE REGULAR UPDATES FROM STAFF REGARDING CHARLESTON DEVELOPMENT PROJECTS THAT DIRECTLY AFFECT THE MISSION AND WORK OF PSC, THEREBY ALERTING BOARD MEMBERS TO MONITOR ANY AREAS OF POTENTIAL PERSONAL CONFLICT. THE CHAIR OF THE BOARD AND THE CHAIRS OF BOARD COMMITTEES ARE WELL INFORMED ABOUT SUCH DEVELOPMENT PROJECTS AND THROUGH THE LEADERSHIP OF THE BOARD CHAIR REGULARLY REMINDS BOARD MEMBERS TO BE AWARE OF AND BRING FORTH POTENTIAL CONFLICTS. THE BOARD CHAIR AND EXECUTIVE COMMITTEE HAS DIRECT CONVERSATIONS WITH BOARD MEMBERS TO DISCUSS ANY POTENTIAL CONFLICTS AND IF SUCH POTENTIAL EXISTS, ENACT THE PROCEDURES OF COMPLIANCE AND ENFORCEMENT OUTLINED IN THE BOARD ADOPTED "PSC BOARD OF DIRECTORS CONFLICT OF INTEREST POLICY" THAT ALL BOARD MEMBERS SIGN AS THEY JOIN THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE SOCIETY'S EXECUTIVE COMMITTE HAS THE AUTHORITY TO WORK THROUGH THE PROCESS OF REVIEWS AND APPROVAL OF ALL COMPENSATION. THE DECISION IS PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL OR RECOMMENDATION. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST BY CONTACTING THE BUSINESS OFFICE OF THE PRESERVATION SOCIETY. VI, LINE 18 AMENDED TO MARK 990 IS AVAILABLE ON WEBSITE FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 190,916. MANAGEMENT AND GENERAL EXPENSES 59,424. FUNDRAISING EXPENSES 26,600. TOTAL EXPENSES 276,940. INVESTMENT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 17,062. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,062.